Indian stock markets saw gains for the fourth consecutive session on Monday. The Sensex and Nifty both closed higher, driven by strong performances from Reliance Industries and HDFC Bank. These companies saw a boost following their recent financial results. However, profit-taking in ICICI Bank limited the overall market surge. Investors reacted positively to the corporate updates.
Indian markets are experiencing a cheerful mood. Nifty has broken out of its consolidation phase, indicating potential for new highs. Bank Nifty is already in uncharted territory. Analysts suggest a 'buy on dip' strategy. IndusInd Bank and Dr Reddy's are highlighted as stock recommendations with good risk-reward potential. Investors can look forward to further market gains.
Market expert Digant Haria observes India's financial sector's mixed performance. IndusInd Bank is consolidating post-turbulence, while life insurers are entering a market-linked returns phase. Reliance Industries faces limited upside due to scale and stake sales, and HDFC Bank needs more quarters to regain growth momentum.
JSW Energy shares fell over 5% to Rs 514.15 on the BSE after reporting a 17% YoY decline in consolidated PAT to Rs 705 crore for Q2 FY26, compared with Rs 853 crore a year ago. Revenue, however, rose 60% YoY to Rs 5,177 crore, supported by renewable capacity additions and contributions from the Mahanadi and O2 Power projects.
Polycab India shares surged after reporting strong Q2 FY26 results, with consolidated net profit up 56% and revenue rising nearly 18% YoY. Analysts remain positive, citing robust growth in wires and cables and FMEG segments, strong exports, and margin expansion. The stock has gained over 40% in six months.
